1- Price action is moving down and has rebound from a strong support zone.
2- Bullish divergence between the last swing lows BD’.
3- Double bottom coupled with Bullish Divergence.
4- One can also identify Volume Divergence.
5- As long as the Double Bottom holds my view remains Bullish.
Target is 38.2% FR of the last leg.
Stoploss is same safe distance below the double bottom.
2- Bullish divergence between the last swing lows BD’.
3- Double bottom coupled with Bullish Divergence.
4- One can also identify Volume Divergence.
5- As long as the Double Bottom holds my view remains Bullish.
Target is 38.2% FR of the last leg.
Stoploss is same safe distance below the double bottom.
Note
SL Hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.